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FOX Business
Dec 5, 2012 7:00pm EST
as the obama administration has done for the past 15 months, but refusing, still, to detail which consequences those would be. >> we will explore with like-minded countries what more we can do to bring the conflict to an end, but that will require the assad regime making the decision to participate in a political transition, ending the violence against its own people, and we hope that they do so because we believe, as you know, that their fall is inevitable, but it's a question of how many people will die until that day occurs. lou: the violence, and morsi protesters in the street, and large scale clashes, worst of the violence since morsi proposed his powers. a third of the aides resigned now, and more than 225 injured in the clashes since they broke out. turning to the president and his views, steering clear of my public statements on egypt or morsi or the administrations, but jay carney responded to a question on the administration's actions on the turmoil, a scripted response that he clearly wrote word for word. a two-way dialogue with an exchange of the egyptian people themselves, about t
FOX Business
Dec 5, 2012 9:20am EST
, for an obama bailout. so, who is next? california, illinois, good question. raise tax rates on the rich or no deal. yeah, the line has been drawn again. president obama says america is poised to take off, but only if the republicans agree to tax the rich directly. he will only accept higher tax rates. how will speaker boehner respond to that? he speaks within the hour. and how about this, top anchors at a news network visit the white house for a cozy chat with the president. tell us, mr. president, how can we sell your tax the rich policy? citigroup, 11,000 jobs gone. "varney & company" about to begin. having you shipy gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ me announcer ] break from e holiday stress fedex office. >> we'll begin with sad news. dame elizabeth mother of news corporation chairman and chief executive rupert murdoch died at age 103. news point company fox. now sad news. and he's raised tax rates and he was elected based on his tax the rich pol
FOX Business
Nov 28, 2012 7:00pm EST
selling stock on concerns about the impending peril of the so-called fiscal cliff. president obama for his part seems utterly unimpressed by market volatility and the consequences of failure to resolve the issues of tax hikes and spending cuts that go into affect the first of the year. as the markets were falling in the first hour of trading this morning, house speaker john maynard stood up and offered support to investors and leaders for the market. stocks stabilized and then began climbing on the speaker's expression of optimism that a deal is within reach. we will take all of that up and more here tonight with bedford open geyser ceo harvey eisen and republicans who have put tax revenue on the negotiating table , and some republicans have flat out repudiated their anti-tax increase pledge. the author of that pledge, grover norquist, here and we will ask him how it is that he came to be the villain in this piece, how it feels to be the subject of attacks from both the left and some on the right and what the future holds for those republicans who break their pledges to voters. also tonigh
FOX Business
Nov 30, 2012 7:00pm EST
, giving no sign he is ready to make any significant step toward resolving the impasse. president obama cast himself as santa claus in a campaign style rally. his comfort zone, while blasting republicans and reminding them, he will not forget who stood in his late on tax increases. >> of course santa delivers everywhere. i have been keeping my own money and nice list for washington. visiting towns like this. >> president obama got his wish rather than negotiating with republicans he was simmering them back on the campaign trail at a factory in pennsylvania that makes angry birds toys. >> it's not acceptable to me, and i don't think it's acceptable to you for and full of republicans in congress told middle-class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. >> within minutes the speaker fired back that the talks are now on life support. >> there is a stalemate. let's not kid ourselves. >> replan the president for sending treasury secretary to capitol hill with a proposal that led senate republican leader to literally burst out laughing. >> the
PBS
Dec 4, 2012 4:30pm PST
's governors met with president obama today about what they need to see in a fiscal cliff deal. we talk with delaware governor jack markell. >> susie: i'm susie gharib. a coalition of the nation's top c.e.o.s is feeling pessimistic about getting a fiscal cliff deal. the group's leader joins us, maya macguinneas. >> tom: and luxury fashion meets the mass market. who wins with target's pairing with neiman marcus? >> susie: that and more tonight on nbr! >> tom: there wasn't much obvious ground given today between president obama and congressional republicans in the effort to avoid the fiscal cliff in january. president obama repeated his pledge he's open to new ideas, but is holding firm on his call for higher taxes on top income earners, something missing from the g.o.p. plan. with just three weeks left, the two sides are still at odds with their opening offers. th time ticking away to reach a deal before tax cuts expire and spending cuts hit, president obama today said he's still optimistic a deal will be done and he's willing to compromise, but negotiations just aren't there yet. >> it'
CNBC
Nov 30, 2012 4:00am EST
. tokyo stocks end the week at a seven month high. plus president obama will take his case for tax hikes on the wealthy to the american people today as the war of words between democrats and republicans over the fiscal cliff heats up. >>> the trading session sitting roughly flat on the stoxx 600. decliners and advancers about even this morning. markets are trying to digest these comments from draghi. first, let's take a look at the bourses. s it is the last trading day of the month. just one left to go in this extraordinary 2012. ibex 35 appropriately enough is ending in the red today. other indexes showing a little bit of a rise here. we've seen spanish and italian debt come in sharply and the yields falling today. we saw the euro-dollar adding almost 0.3%s this morning. dollar-yen up two thirds of a percent in the light of perhaps japan may be getting moring a yes, sir sif on st ing a grefs saggressive on stim. let's get over to deidre wang morr morris. >> yes, the japanese data was good, but also the economy still stuck in deflation. hang seng down half a percent. we had pic stay in f
FOX Business
Nov 29, 2012 11:00am EST
president obama and john boehner spoke for 15 minutes last night. i just bumped into a senior leader among senate democrats and asked him how he felt about this news and he said -- he was more optimistic about these negotiations today. he thought perhaps this man the speaker and the president were exchanging proposals on avoiding the fiscal cliff, john boehner has a press conference at 11:30 after his meeting with tim geithner. connell: we will speak with -- see what the speaker has to say. with all this back and forth, a decent amount of speculation that a deal is starting to take shape. look at the reporting from politico and they put numbers to its save a framework looks like this. taxes for revenue would rise by $1.2 trillion. families making them to $50,000 would see higher taxes which we have been expecting and entitlement programs would be cut by $400 billion, most coming for medicare and, quote, end of war savings peter barnes and others reported many times as being dubious because they counted the previous budget you have another trillion plus in cuts. that according to politico i
CNBC
Dec 5, 2012 4:00am EST
to be for the rising movie industry. cet will head out to washington as president obama is pushing forward his tax for the wealthy agenda. george osbourne is going to update today. the chancellor will have his work cut out to meet his target of eradicating the federal deficit by 2015 as well as securing a fall to gdp ratio. also expected further pressure with a cut to its growth forecast. steve is braving rather inclement british winter weather outside the houses of parliament. >> lovely. >> i know you like it. how much is it going to be raining on george osbourne's parade? >> it's going to rain on his parade. you just nailed it, ross. three things which are going to come up today, which he has very little control over. one is that obr reckoning on the uk economy. thought only back in march it was going to grow -- pain a negative growth for the year. next year they thought it was going to be 2% growth. it's probably only going to be 1%. in terms of those two targets you mentioned, eradicating the structural deficit in a five-year period, that's going to have another couple of years. >> right. now,
CNBC
Nov 29, 2012 6:00am EST
people. >> did you see this, obama is flexible on highest tax rates. >> administration official. white house officials later signaled that. he didn't signal it in anything he said. >> i spoke to a couple who were at the meeting yesterday, some of the executives, who felt, and this is like the implied feeling that he was now more willing to deal on the highest rate. >> did you hear anything about spending cuts or entitlement reform? >> two conversations are taking place. one if the public trying to get them behind you. the other is whether you're actually saying to the people you're negotiating with. and when you saw the signal, it was like, okay, maybe they'll get to that, i don't know, 37% or 500,000 or something. what we had been talking about two weeks ago. maybe that's where they're headed. stocks did gain ground on optimism around the idea that we could reach some sort of a deal to overt the fiscal cliff. the dow closing more than 100 points higher after being down by more than that during the session. a swing like that hasn't happened since october 2011. u.s. equity futures at th
FOX Business
Dec 3, 2012 1:00pm EST
. with that, president obama is hosting a twitter question-and-answer next hour. back to you. >> signs on for that. rich, thank you. >> time is returning out on the fiscal cliff, and the next guest thinks there's a deal brewing, optimistic. that's david, adviser's chairman and chief investment officer. what do you think is the key to getting a deal done? do you think something's brewing? >> i think something is brewing, melissa. you heard mcconnell use the word "revenue," new, had not heard that in years. maybe he's going to go to a wedding, i don't know, but we got his attention. revenues. all of the sudden -- >> we all know revenue means a number of things, and if can be code for closing loop loopholes and deductions, and not actually raising the marginal rate. as awless, devra davis in the detills, and i'm not sure they are closer to the devil at this appointment. we won't get close to the devil until december 31st at 11:59, and we may go over, come back, and bounce from the cliff. that's what it takes. it's ow system. it's a rotten system. it's the one that we have. all of this pos
PBS
Dec 3, 2012 4:30pm PST
which president obama has insisted on. the white house responded, saying "the g.o.p. proposal does not meet the test of balance. in fact, it actually promises to lower rates for the wealthy and sticks the middle class with the bill." it's not just the federal government under pressure. credit ratings agency fitch calls the fiscal cliff the biggest concern for state credit in 2013. saying, "any meaningful federal deficit reduction is likely to lower state funding, forcing program elimination or backfilling." as the tax hikes and spending cuts approach, u.s. manufacturers saw business shrink last month. the institute of supply managemens purchasing magers index fell unexpectedly to 49.5, down from 51.7 in october. a reading below 50 means business has fallen back into contraction. the november statistic is the lowest since july 2009. the dow fell 60, the nasdaq down eight, the s&p 500 lost six. >> susie: jeff saut says investors seem to be ignoring bad news, and this is a bullish sign. he's managing director and chief investment strategist at raymond james. so jeff, not only are you
FOX
Dec 6, 2012 7:00am PST
from the country and he signed that back in march with the president obama. he says he will not sign any more agreements with the u.s. until those prisoners are transferred. >>> well, the fiscal cliff is looming unless congress takes action to avoid it. coming up at 7:15, the number of california defense department jobs that could be lost if automatic trick -- automatic tax cuts are formed. >>> bill clinton says he's not sure if hillary clinton will run for president. she said she does not want to continue a secretary of state for president obama's second term. she said she wants to focus on issues to -- that are important to women. >>> let's see what tara is seeing on 880. >> we have a lot of traffic on pinole and then past the golden gate gate. we're in berkeley/emeryville. we have a traffic issue in here. 280, northbound towards santa clara, looking pretty bad. give yourself extra time. let's check in with steve. >>> tara, thank you. there's definitely some breaks in the clouds. jive seen gusts to 25 miles per hour. i dent think this -- i've seen gusts to 25 miles per hour. i don'
PBS
Dec 4, 2012 7:00pm PST
today between president obama and congressional republicans in the effort to avoid the fiscal cliff in january. president obama repeated his pledge he's open to new ideas, but is holding firm on his call for higher taxes on top income earners, something missing from the g.o.p. plan. with just three weeks left, the two sides are still at odds with their opening offers. with time ticking away to reach a deal before tax cuts expire and spending cuts hit, president obama today said he's still optimistic a deal will be done and he's willing to compromise, but negotiations just aren't there yet. >> it's going to require what i talked about in the campaign, which is a balanced, responsible approach to deficit reduction that can help give businesses certainty and make sure the country grows. >> tom: the president rejected the proposal republicans presented him yesterday. it would cut the debt by $2.2 trillion over ten years, but would not raise taxes on america's highest earners, the biggest sticking point. the two sides seem to be allowing themselves room to bargain. the president said tod
CNBC
Nov 29, 2012 4:00am EST
the world. europe follows asia higher after a pop on wall street. president obama and congress make positive comments about avoiding the fiscal cliff. and uk banks brace for possible new rules on capital and lending as bank of england governor mervyn king prepares to unveil his financial stakt reporbility. and the search is on on for the winners of the pow ball ticket as two tickets matched all the numbers in the $580 million drawing. we're getting a lot of green on the heat map and not a lot of red. sur enough, the stoxx 600 is up 0.8%. we can take a look in at the bourses and almost a mirror image of yesterday. ibex 35 adding 1.6%, cac 40 up more than 1%. the dax adding 0.8%. and we just got german unemployment figures. plus the foot city 100 up 0.8% this morning. so pretty much a strong session across the board. again, following what we saw in the u.s. yesterday. take a look at the bond wall here of course we have an italian auction coming up later and italy's ten year, below 4.5% this morning. so price rising. that yield falling. spain also benefiting. that yield down to 5.2%. bunds cree
FOX Business
Dec 5, 2012 11:00am EST
. earlier, speaker boehner speaking about the fiscal cliff. now it is president obama. let's listen. >> we have emerged not yet where we need to be, but we certainly have made progress. the reason we have made progress in part is because of the outstanding management and productivity and gains and efficiencies that you have been able to achieve in each and every one of your companies. i have said this to some of the small groups, let me repeat it to the large groups, i am passionately rooting for your success. if the companies in this room are doing well, then, small businesses and medium size businesses up and down the chain are doing well. if companies in this room are doing well, then, folks get jobs, consumers get confidence and we will be able to compete around the world. now, the good news is, despite the extraordinary challenges we have seen over the last four years, there is progress in some key sectors of our economy. we have seen housing finally begin to bounce back for the first time. that has an enormous ripple effect throughout the economy. many of you, over the last two or th
CNBC
Nov 30, 2012 3:00pm EST
geithner. we'll hear from someone who says the best candidate to succeed him just met with president obama yesterday. trust us when we tell you it's not a name you've heard before for this job. >>> meanwhile, the parade of companies offering special dividends ahead of the cliff keeps getting bigger. why this boom for shareholders may turn into a bust for others. we'll explain when we continue on "the closing bell" for this friday. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander
CNBC
Nov 30, 2012 4:00pm EST
on treasurietreasur. as soon as boehner and obama walk out of the white house, which i believe they'll do at some stage over the next month, as soon as that happens, everything is going to flip the other way. i'd like to find a way to play the market, but i think for long-term investors, valuation gets more and more important. the more you stretch things out. the key thing people are miss -- i agree with rick, the economy is not that strong, but it is still growing steadily and valuations are so extreme that you know which way the money is going to go when things settle down. i just wouldn't want to be on the wrong side of that trade. >> stephanie, that's basically the way you feel. you have sort of opportunities out there. how do you see it, stephanie? >> i think what you want to do is use the volatility, use the declines, and go back to the companies that reported good third quarter earnings. go back to an ebay. >> stick to fundamentals. >> right. go back to starbucks. or you also can focus on some of the themes, right. housing is still in recovery mode and that -- i know it's well known, but i
CNN
Dec 3, 2012 2:00am PST
use of chemical weapons. one official in the obama administration told cnn there are worrying signs that syria may be considering the use of such weapons against rebels. new this morning, this mayor of this town along the border with turkey told cnn that jets dropped two bombs wounding several people. >>> it is 18 minutes past the hour. we are getting an early read on your local news making national headlines this story from "the boston globe." a year after the paper found that stores and restaurants across massachusetts were intentionally mislabeling fish. guess what? the practice continues. dna testing shows some business are showing cheaper, lower quality fish instead of what is written on the label. in one case, slices of what were supposed to be white tuna at a sushi shop were an oily species of fish that can cause digestive issues. that's terrible. >>> the "new york times," this story got so much attention locally here and around the nation. the homeless man who received a pair of shoes from a selfless police officer. reporters caught up with him on the upper west side and his
FOX Business
Dec 4, 2012 1:00pm EST
of president obama's top 10 fund raisers? how does the idea madam ambassador sound? it is idea being floated for vogue editor anna wouldn't ture, could be u.k. where she was born and raised or france. the job could be reward for helping the president raise money during the president's re-election campaign. the fashion maven hosted four events where ticket prices were 10,000 to the $40,000 a pop. that is lot of copies of "vogue.". many times today they say she is fashion editor. so many qualified people who have been diplomats for years. career diplomats. melissa: makes it feel like you buy it. lori: absolutely. absolutely. melissa: coming up tonight on "money", speaking of money, congresswoman sheila jackson-lee joins me to discuss why republicans are waging a war on working families with their fiscal cliff plan. that is 5:00 p.m. eastern here on fox business. >> as we say good-bye to you this hour a lot more ahead for the trading day with a couple hours to go. the president meeting with governors on what else, the fiscal cliff. did they come into any conclusion? ashley and tracy going insid
FOX Business
Dec 5, 2012 1:00pm EST
melissa: rally mode. i am melissa francis. lori: i am lori rothman. president obama telling business leaders he is cheering for their success. tax hikes for the wealthy saying there will be no deal without tax rate increases. melissa: 11,000 now out of work at citi. slashing jobs taking a billion dollars charge as it repositioned oppositions. charlie gasparino tells us it is even more cuts are on the way. lori: new warnings and ethanol blended gasoline. joining us on whether you should be worried about what you put into your gas tank. let's get up to speed, back the floor of the new york stock exchange and nicole petallides. economic data on the service industry. nicole: looking good, lori and melissa. up 125 points. after two days of selling we are seeing some market action to the upside. we are above the 13,000 mark, well above that. 13,076. the nasdaq squeezing it out. concern for apple, but financials are doing well. let's take a look at the group. laying off 11,000 workers, that is the plan. a new ceo in place and he wants to make his mark. up 6.5%. it is under pressure
FOX Business
Dec 6, 2012 11:00am EST
: steve jobs told president obama that those jobs were not coming back. charles: somehow the administration going after profit, you know, whatever it is, you wanted or public opinion, now if you do not start to do this stuff, we will go out and take it. caterpillar is one company to watch. their ceo has been on top of this. he has been very defensive about the fact they are still creating jobs here and abroad. apple, by the way, 60% of business outside of this country. dagen: it is not just about price, it is about scalability and adaptability of the workforces in this nation. charles: there is no dow about it. natural gas gives us an amazing advantage. wages have gone up dramatically in china. we will benefit from that as well. be careful what you ask for. do we really want a whole bunch of four dollars jobs in america, the answer is, no. connell: thank you, charles. great stuff, as always. the irs wants back taxes from amazon. dagen: no shame. one of the most popular places to do your holiday shopping. that is exactly the video we picked that we are going to tell you ab
FOX Business
Nov 29, 2012 4:00pm EST
president obama has to move to the middle and let republicans save a little face and at the end of the day come up with some agreement at a resembles simpson-bowles. stuart: to the president just won and election by staying on the left. >> the argument is he is concerned with his legacy. if you wants to push that line, this term is not going to be one you want to remember in a positive way. he is not running for reelection. what is good for the country, to the middle, and -- liz: if the market is moving on congressional ineptitude as my guest in the last hour called it, why not be an investor who looks at real fundamentals at this point, buying good quality stocks that dropped because of the gyration. >> that is what you are seeing. earlier this week we found important s&p 500 at the 200 day moving average at 1382 or 83 area, you see that debt buying, looks like what we are going to see is economic growth continued stimulus and interest-rate repression which means one of the only game in town for investors is the equity market and that is driving things now. liz: we saw the ten year yields
FOX Business
Dec 3, 2012 3:00pm EST
lows. the dow is down 53 points. >>> has president obama already made up his mind on who will replace treasury secretary timothy geithner? wall street executives say he has. charlie gasparino has the latest. and the winner is? >> jack lew. lori: sure. >> he was the guy coming out of the gates, and for all intelligents and purposes based on the -- intents and purposes based on the word coming out of wall street, they say that the president is leaning heavily towards lew. the big tests, obviously, are these negotiations being led by geithner, and that begins on january 20th when president obama's reinaugurated or inaugurated for a second term, he steps down, he has to appoint someone else, and most people say it's lew's to lose, so to speak. [laughter] like i said, geithner's leading these negotiations, lew is a key component. and depending how they turn out, if they turn out anywhere near what the president wants dub and i'll tell you, he wants a lot. mostly tax increases, $1.6 trillion in tax increases, you know, double what he wanted during the campaign, he's calling for some budget
NBC
Dec 6, 2012 6:00am EST
is about to get more help from the federal government for sandy cleanup. president obama has declared a major disaster in d.c., ordering federal aid to supplement recovery efforts in areas affected by the massive storm. the declaration opens up more long-term federal aid. >> time for weather and traffic on the 1s. did you feel the cold as soon as you stepped out? >> how could you not feel it? it was obvious. let's go to tom. >> just 36 hours ago, i saw people jogging in shorts and t-shirts. it was around 7 0 degrees. now it's down below freezing. most of the region, all these areas in blue, west virginia, virginia, maryland, eastern shore in the 20s this morning. reagan national is at 35. and it's a little bit above freezing on the potomac near the bay. we've got a clear sky. a few whispy high clouds coming in from the north and west. here is your four-day forecast. afternoon highs today into the mid 40s with lots of sunshine and a light wind. and then tomorrow, we'll have a lot of cloudiness around. cold start, afternoon highs near 50 and a small chance of sprinkles and light rain. s
CNBC
Nov 30, 2012 1:00pm EST
, how are traders down here investing -- reacting to mr. obama and mr. boehner? >> it depends on what the headlines are. so the president said the clear majority voted for a balanced approach. but there's a lot of debate about what that means. representative boehner i thought was much more into fighting words over there. listen to what he said. increasing the tax rates is the wrong approach to take. he said there was a stalemate in the talks with the white house. look at the dow industrials. we did move down around 25, 30 points as his comments came out. he said we're almost nowhere in the talks. sitting right near the lows for the day. if you look at the overall sectors that are moving today, pretty much balanced on either side. pretty much even on the balance-decline line. worries about higher taxes on dividend paying stocks seem to be -- >> lows for the day but not violent downstrokes here. >> i think the problem is we'll have trouble moving into positive territory at the close. a lot of concerns about headline risks over the weekend. we could be down 10, 15 on the s&p monday morni
CNBC
Dec 3, 2012 4:00am EST
. they admitted that there has to be some revenue. meanwhile the obama team led by secretary geithner are comfortable with at least 2:1 what they would call entitlement cuts. so there was a lot of ground for a deal. unfortunately, i think the threats from some democratic leaders that maybe it's okay to go over the fiscal cliff, i'm worried some actually believe that and that's one thing that scares me. i think there's a deal on the table, get a few years deal, it's only if -- obviously the republican caucus could do something stupid, but owes otherwise my main word is the dems decide they want to play for a long term deal that it all has to be resolved right now and it's worth the risk and i don't think it's worth the risk. >> adam, always good to see you. thank you very much indeed. we move on, stay in the united states, strike at the port of los angeles long beach is entering its seventh day and some analysts fear it could cost the u.s. economy $1 billion a day. it means lost business for truckers and others who rely on the port for their livelihood. combined they are the nation's b
CNBC
Dec 6, 2012 6:00am EST
at this point are up 1.20. $1659 and ounce. >> wonder what boehner and obama talked about on the phone. i think it went something like this. your mother! no, your mother. no, your mother. and then it went back and forth. your mother to infinity. >> no, i think what happened is we realize that there's been an awful lot of theatrics. >> you don't think they said your mother? >> no. >> you don't think they hurled insults at each other? >> no. >> actually, boehner was just a dial tone. you said i'm supposed to do what to myself? no, that's not boehner. >> on the economic front, i guess there are things going on. more employment data on the way. tomorrow the big jobs report and then there was the issue of the fiscal cliff. 11,000 in citigroup. i wonder if we start seeing things before next year. people are not hiring people. >> and we've talked a lot about this, ceos have already had to make their plans known to their boards. so it's had its impact. >> getner says the obama administration is only too willing to go over the qulif. cliff. do they mean marginal rates, or just rates. >> that's what's go
FOX Business
Nov 30, 2012 1:00pm EST
have to love that it is friday. i am melissa francis. lori: i am lori rothman. president obama giving his pitch for the fiscal cliff. when will the rhetoric give way to a real action on our debt crisis. juan williams on when a deal can happen. melissa: how would you like to pay more at the pump? we have the new talk about raising the gas tax. what a great idea. lori: i love paying over four dollars a gallon. washington not the only one that cannot get a deal done. entering day 76. its small business that is really on then ice. melissa: time now for stocks as we do every 15 minutes. lauren simonetti. washington is playing politics over the fiscal cliff. we are near session lows right now. >> 11 points away from session lows. the dow is clinging onto that level right now. consumer discretionary is your best performing sector this month. it is lower today, as is technology. the s&p 500 trying to hang onto a monthly gain. not sure if we can do it. certainly higher for the week and nasdaq higher for the both of them. a two-day chart of yelled is really interesting. they expect fourth-quart
FOX Business
Dec 4, 2012 11:00am EST
back then, barack obama believed that lowering rates was good for the economy. dagen and connell, it is yours. connell: the war on wealth is where we begin today. dagen: get the government out of the markets. connell: the devil wears -- becoming our next ambassador to britain. dagen: holiday travelers paying up. the average ticket price topping $450. connell: everyone needs a few days off. it is the top of the hour. we will go to nicole petallides. good morning. nicole: good morning. let's take a look at what is going on here. let's take a look at jardin restaurants. it turns out they are not meeting the analyst expectations. let's take a look at the stock. it is near its lows of he day. their earnings will miss the analyst estimates. same-store sales dropping 3.2%. as a result, sales have diminished. how about the major market averages? the dow is higher, but the s&p and the nasdaq are lower. dagen: republicans finally pulling off their own plan to deal with the fiscal cliff. connell: the white house predictably saying, no deal. the parameters are there now. we can start to ima
FOX Business
Nov 30, 2012 11:00am EST
. for anyone who thought that barack obama may move to the middle in his second term or be willing to compromise, we now know that is not true. connell: that is out of the window, and your view. >> yes. connell: the democrats will argue, this is nonsense. >> this is who the president is. this is what he believes. my book is complete with every single time the president has proposed a type of policy. it has evolved the same exact elements we heard from geithner yesterday. higher taxes and more spending. no entitlement reform. connell: not as much of what you think should happen, i am more interested in what will happen. the ball is now in john boehner's court. what do you think is going to happen? >> over the last four years, the republicans have tried to negotiate in good faith. even two years ago, when the first debt ceiling came up, they said they would put revenues on the table and try to work with our caucus on that. what can we get in return and the president said, basically, nothing. i will not do serious spending cuts. i am not going to do entitlement reform. i am not giving
FOX Business
Dec 3, 2012 11:00am EST
will talk to neil cavuto about that. and the idea of putting president obama and john boehner on tv together and televising the debt talks. lori: microsoft's efforts is all coming down to the price tag. we will show you some interest rates as we head to break. 164 on the ten year. ♪ [ male announcer ] this is amy. amy likes to invest in the market. she also likes to ride her bike. she knows the potential for mang or losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritre. >> i have your fox business brief. manufacturing activity unexpectedly contracted last month falling to its lowest level in three years. it fell to 49.5. larger than expected drop. on the flip side, you as builders boosted their construction spending in october by their largest about sids may. it rose nearly 1.5. morningstar foods unit is being sold for $1.5 billion. the deal will help boost its presence in the
CNBC
Dec 6, 2012 1:00pm EST
in the united states. >> let's say our constitution was a little different and barack obama called you in tomorrow and said, get everybody out of china and do whatever you have to do, make these, make everything you make in the united states. what would that do to the price of this device? >> i honestly -- it's not so much about price, it's about the skills, et cetera. over time there are skills that are associated with manufacturing that have left the u.s. not necessarily people but the education stops producing them. >> that's sad. how do we get that back? sbl well, it is a concerted effort to get them back. with this project that i've talked about where we will do a mac in the united states next year? i think this is a really good another step for us. the consumer electronics world was really never here. so it is not a matter of bringing it back, it is a matter of starting it here. >> good morning. thanks for joining us here. >> reporter: while steve jobs liked to avoid the spotlight, he also thrived on it. it was as if he was selling products that were pieces of his own soul. he wa
PBS
Nov 30, 2012 4:30pm PST
and president obama. darren gersh has the latest. >> reporter: the president is still pushing to wrap up a deal on the fiscal cliff before christmas and just in case anyone missed that point, he visited a toy factory to urge congress to avoid raising taxes on the middle class. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. a typical middle-class family of four would see their income taxes go up by about $2,200. >> reporter: t psidents oposg to raise taxesy $1.6 trillion, while cutting spending by $400 billion. on top of that, mr. obama asked for $50 billion more for infrastructure spending and $140 billion to extend unemployment insurance benefits and the payroll tax cut. republicans literally laughed it off. >> they want... they want to have this extra spending that's actually greater than the amount they're willing to cut. i mean, it's... it's... was not a serious proposal. and so, right now, we're almost nowhere. >> reporter: across the capito republican senate leader mitch mcconnell told the "wall street journal" his party would be willing to brin
PBS
Dec 5, 2012 4:30pm PST
america? >> tom: i'm tom hudson. president obama tries to win over top business leaders, warning republicans are holding the global economy hostage over the fiscal cliff. >> susie: and apple shares get of the most widely owned stocks sees heavy trading. >> tom: that and more tonight on "n.b.r." >> susie: big job cuts today at one of the nation's biggest banks. citigroup announced it's slashing 4% of its staff; that works out to 11,000 jobs worldwide. the cuts will save the bank more than $1 billion a year in expenses. but they won't be cheap, resulting in a billion-dollar charge against fourth-quarter earnings. is this gloomy news from citi the beginning of other companies doing the same? suzanne pratt reports. >> reporter: 11,000 jobs are a lot of layoffs, even for a bank as huge as citi. and there could be more. that's because the monster firm is still struggling to recover from the great recession even though it has fired a lot of other workers in the last few years. the thing is, citi has a new c.e.o. in michael corbat, and experts say he's anxious to make his mark, even if t
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